5 Jun 2015
Key events ahead in the US: NFP and Fed Dudley speech – Westpac
FXStreet (Barcelona) - The Westpac Team previews the key events and data releases ahead in the US, noting that New York Fed President Dudley’s speech post the US Nonfarm payrolls release might be interesting.
Key Quotes
“The market median forecast for US May nonfarm payrolls is another robust 225k gain and the unemployment rate is expected to remain at 5.4%. Around the NFP 225k median, the +/- 1 standard deviation range is 202k to 250k. Average earnings will be watched too; consensus is 0.2% m/m, 2.2% y/y.”
“We hear from New York Fed president Dudley on the economy and monetary policy after the NFP release, audience and media Q&A to follow. Dudley’s views tend to be very much in line with the Board of Governors and this looks to be the last update from the Fed ahead of next FOMC meeting. It will be very useful to hear his take on the jobs data and his view on Q2 GDP after the dismal Q1.”
Key Quotes
“The market median forecast for US May nonfarm payrolls is another robust 225k gain and the unemployment rate is expected to remain at 5.4%. Around the NFP 225k median, the +/- 1 standard deviation range is 202k to 250k. Average earnings will be watched too; consensus is 0.2% m/m, 2.2% y/y.”
“We hear from New York Fed president Dudley on the economy and monetary policy after the NFP release, audience and media Q&A to follow. Dudley’s views tend to be very much in line with the Board of Governors and this looks to be the last update from the Fed ahead of next FOMC meeting. It will be very useful to hear his take on the jobs data and his view on Q2 GDP after the dismal Q1.”